Tag Archives: SOMA

QE’s Fading Legacy Moving Long Yields Higher

Summary The legacy of the Fed’s QE is fading in the bond auctions For the first time in several years, SOMA did not and will not participate in any of the September or October Treasury auctions The Treasury has to … Continue reading

Posted in Debt, Fed, Fiscal Policy, Interest Rates, Uncategorized | Tagged , , | 3 Comments

Is the Fed ready for the bond market’s Arab Spring?

We’ve updated our database of the Federal Reserve’s ownership of the U.S. Treasury coupon curve.  The resulting chart highlights a couple of interesting issues about its structure and holdings of outstanding notes and bonds. First, though nothing new, it shows … Continue reading

Posted in Black Swan Watch, Bonds, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments